Saros AMM Review 2026: Solana Pools With Thin Liquidity

Saros AMM is the standard automated market maker in the Saros suite on Solana. It lets users exchange SPL tokens, create permissionless pools and earn fees by supplying liquidity. It has been listed since January 2022, and the SAROS token is linked to the ecosystem.

The Saros suite has since broadened. Alongside the AMM there are farming, staking and a snapshot tool, plus Saros DLMM, a concentrated-liquidity engine that uses a Liquidity Book model with price bins and dynamic fees. A recent announcement introduced Concentrated Incentives, which stream rewards to liquidity providers near the market price.

The standard AMM, however, is small. Its TVL is about $36,800 and fell roughly 13% over the last week. That makes it a niche venue, and the DLMM product appears to be where the team's attention is going.

Saros AMM is an automated market maker. Instead of matching buyers and sellers, it holds pools of two tokens. A trader swaps one token for the other at a price set by the ratio of the tokens in the pool, and the pool earns a fee on each trade.

Liquidity providers deposit both tokens into a pool and receive a share of the fees. The standard AMM spreads liquidity across all prices, which keeps things simple but makes capital less efficient than concentrated designs. The main risk is impermanent loss, which occurs when the relative price of the two tokens moves.

Saros also runs SarosFarm and SarosStake for additional rewards, and a separate DLMM product that places liquidity in price-specific bins. Everything runs on Solana, so transactions use SOL for fees and settle quickly.

The fee schedule for the standard Saros AMM pools is not given. Swap fees are normally set per pool and shown in the swap interface before you confirm, and Solana network fees apply on top.

The newer Saros DLMM product documents a base fee, a variable fee that rises with volatility and a protocol fee. Those figures belong to DLMM, not the standard AMM, so check each pool's quoted fee before trading or depositing.

Two audits are listed for the protocol, but the auditors, scope and findings are not detailed here, so read the reports in the project's documentation. The AMM is non-custodial: you swap and provide liquidity from your own wallet, so you carry smart-contract risk rather than counterparty risk.

Very low TVL adds practical risk. Thin pools are easier to manipulate and can leave you with poor execution. The project does not publish team or insurance details. Always check the token contract and pool before depositing, and only risk money you can afford to lose.

Saros AMM is for Solana-native users who hold SAROS or want to take part in Saros pools, farms and staking. It is less suitable for traders making large swaps, who will face thin liquidity, or for anyone who wants guaranteed audited coverage without reading the reports first.